Allstar New Dodge Dealer in Bridgeton is pleased to announce that Chrysler Corporation has released its 2012 first quarter results and net income more than quadrupled to $473 million. Their first-quarter modified operation profit increased 55 percent to $740 million with free cash flow of $1.7 billion. Chrysler released the information in a press release on Thursday.
This is great news for the corporation who previously faced financial woes requiring a government bailout under the Bush and Obama administrations. The press release included the reason for the up rise in due to items such as: Worldwide vehicle shipments were 607,000 in the quarter, up 25 percent from 485,000 a year ago. It also stated, “Worldwide vehicle sales for the first quarter totaled 523,000, up 33 percent from a year ago.”
Chrysler also announced that U.S. market share increased to 11.2 percent for the first quarter, up from 9.2 percent a year ago, driven primarily by a 40 percent increase in U.S. retail sales. For the first time in its history, Chrysler was the quarterly market leader in Canada with a share of 15.0 percent.
Sergio Marchionne, Chairman and CEO of Chrysler said in the statement, “We continue to deliver on the targets in our five-year plan and are now focused on successfully launching the Dodge Dart, a car that is a true melding of Chrysler’s and Fiat’s engineering and styling strengths.”
This latest news is good news for Chrysler. Allstar Dodge Dealer is proud to be a part of the Chrysler Corporation and is pleased to share in the successes of our company. Stop in today to see what makes us top in class of customer satisfaction.








Chrysler Recalls Certain Minivan Models
The power liftgates were designed to stop during automatic closing if they detect resistance. However, the National Highway Traffic Safety Administration states the recalled vehicles could malfunction, and “may close on an appendage.” Owners are advised to keep their arms and legs safely inside the vehicle. Notifications are expected to be mailed from Chrysler to owners later this month. Dealers will be fixing affected vehicles free of charge.
The press release, announced this week states, “CHRYSLER IS RECALLING CERTAIN MODEL YEAR 2012 TOWN AND COUNTRY AND DODGE GRAND CARAVAN VEHICLES, MANUFACTURED FROM MARCH 9, 2012 THROUGH MARCH 12, 2012. SOME VEHICLES MAY BE EQUIPPED WITH A RIGHT SIDE LIFTGATE PINCH SENSOR THAT DOES NOT FUNCTION PROPERLY. AS A RESULT, INCREASED FORCE MAY BE REQUIRED IN ORDER TO STOP THE POWER LIFTGATE DURING FINAL CLOSING STAGES.”
NHTSA believes the consequence to the faulty material may cause the liftgate to close on an appendage which greatly increases the risk of injury to a consumer. The press release notifies owners of the action Chrysler will take by stating, “CHRYSLER WILL NOTIFY OWNERS, AND DEALERS WILL INSPECT AND REPLACE THE RIGHT SIDE LIFTGATE PINCH SENSORS, FREE OF CHARGE. THE RECALL IS EXPECTED TO BEGIN IN MAY 2012. OWNERS MAY CONTACT CHRYSLER”.